SMM, May 8: Against the backdrop of a positive performance in the broader market on May 8, the battery sector and the solid-state battery sector once again rose in tandem. By the end of the day's trading, the battery index had risen by 1.63%, marking five consecutive days of gains. Among individual stocks, Shenzhen Senior Technology Material surged by 9.53%, Ningbo Starry Instrument Co., Ltd. rose by 5.84%, and Tianhong Lithium Battery increased by 5.7%. Multiple stocks, including Pylontech and Farasis Energy, followed suit with gains. The solid-state battery index also recorded five consecutive days of gains, closing up 1.07% on May 8. Among individual stocks, Shandong Zhanggu Instrument Co., Ltd. and Wanxiang Qianchao Co., Ltd. both hit the daily limit, while multiple stocks, including Hymson Laser and Sunward Intelligent Equipment Co., Ltd., led the gains.
On the news front, SAIC-GM-Wuling mentioned in an interview with the media that it has been conducting research on solid-state batteries, with the overall project progressing smoothly and expected to be implemented in vehicles by 2027. As a hot topic since 2025, solid-state batteries have been favored by the market, especially in February-March. With companies such as Sunwoda, GAC Group, WELION New Energy, and Qingtao Energy planning to achieve mass production of solid-state or semi-solid-state batteries from 2026 to 2027, and BYD and CATL planning to achieve small-batch production of solid-state batteries in 2027, the solid-state battery sector has remained hot. Leveraging its broad development prospects, many companies are now taking turns to enter the solid-state battery industry. Recently, numerous companies have also continued to respond to their related developments.
[Derui Power: Gradually advancing and implementing the subsequent pilot production line and mass production line base for solid-state batteries]
Derui Power stated at its earnings presentation that the company has established a pilot production line for solid-state battery samples in Shanghai and is conducting various technical tests. Currently, the company possesses the capability to trial-produce various samples and can tailor corresponding solutions to meet the needs of customers in different application scenarios and technical requirements. The company will gradually advance and implement the subsequent pilot production line and mass production line base for solid-state batteries based on customer development verification and market demand. The oxide-route solid-state batteries deployed by the company exhibit excellent performance, high safety, a simple process flow, and ease of mass production, initially establishing a first-mover advantage. The company is expected to become a strong competitor in the solid-state battery field in the future.
[Dowstone Technology: R&D investment focuses on two core directions: solid-state battery materials and AI]
Dowstone Technology stated in response to investor inquiries that the company's R&D investment focuses on two core directions: solid-state battery materials and AI, concentrating on new products such as single-walled carbon nanotubes, silicon carbon anodes, solid and semi-solid electrolytes, and AI. Investment in other traditional products remains relatively stable.The company has consistently adhered to a development strategy driven by R&D and technological innovation.
【Jiuri Advanced Materials: The company does not have solid-state battery products; its equity-participated company, Tianjin Planar Nano Technology Co., Ltd., is engaged in R&D of solid-state batteries】
Jiuri Advanced Materials stated on an investor interaction platform that the company does not have solid-state battery products, while its equity-participated company, Tianjin Planar Nano Technology Co., Ltd., is engaged in R&D of solid-state batteries.
【Clean Beauty Technology: At present, Rouchuang Nano still focuses on ALD in the fields of silicon carbon anode and solid-state battery materials as breakthroughs】
In response to investor inquiries, Clean Beauty Technology stated that at present, Rouchuang Nano still focuses on ALD in the fields of silicon carbon anode and solid-state battery materials as breakthroughs. In the future, it will develop around selective atomic layer deposition and etching technologies and equipment, which are expected to be applied in the semiconductor sector.
【Zhonglun Advanced Materials: The R&D of BOPA specifically for solid-state batteries has not yet entered mass production】
As a company specializing in the R&D, production, and sales of functional film materials, Zhonglun Advanced Materials stated that the R&D of BOPA (biaxially oriented polyamide film) specifically for solid-state batteries has not yet entered mass production.
【Farasis Energy: The second-generation semi-solid-state battery is expected to enter mass production in 2025】
During an investor activity survey, Farasis Energy stated that currently, semi-solid-state batteries are mainly applied in niche markets with high performance requirements and relatively insensitive costs, such as high-end car models, heavy-duty trucks, eVTOLs, and humanoid robots. In these markets, the company's semi-solid-state batteries have a high degree of commercialization and a good customer base. They have secured project approvals from multiple domestic and overseas customers, including Dongfeng, GAC, Sany, FAW Jiefang, leading eVTOL customers in the US, leading flying car customers in China, and Ehang, with several projects already delivered. In 2024, the company's semi-solid-state batteries achieved significant shipments, ranking among the top three in the industry as estimated by the sector. It is expected that shipments will further increase this year compared to last year. Therefore, semi-solid-state batteries are one of the company's important future growth points.
The company is simultaneously advancing the R&D of multiple technological systems, including semi-solid-state, all-solid-state, LFP, high-voltage fast charging, ternary high-nickel/silicon carbon, ternary medium-nickel high-voltage, and sodium-ion batteries. Currently, the second-generation semi-solid-state battery with an energy density of up to 330Wh/kg is expected to enter mass production this year, while the third-generation semi-solid-state battery with an energy density of up to 400Wh/kg has entered the industrialisation stage. For all-solid-state batteries, the company is simultaneously exploring multiple technological routes, including sulphide, polymer/oxide composite systems, with an energy density of up to 400-500Wh/kg.In terms of fast charging, the company's products are compatible with high-voltage fast charging technology to meet customer demands, and SPS products can achieve 6C fast charging across the entire system.
【Do-Fluoride: The Company Focuses on Solid-State Battery Materials】
Do-Fluoride, whose main business includes four segments: carbon materials, lithium battery materials, ceramic materials, and strategic resources, mentioned during an investor event that the company focuses on the field of solid-state battery materials. It designs solid-state batteries based on material characteristics to validate and optimize the company's comprehensive material solutions for solid-state batteries.
Regarding the outlook for solid-state batteries, at the 2025 (10th) New Energy Industry Expo - All-Solid-State Battery Advanced Technology Forum hosted by SMM Information & Technology Co., Ltd. (SMM), SMM Senior Consulting Project Manager Jian Zhu stated that SMM expects the global NEV industry's demand for lithium batteries to grow at an average annual compound growth rate of approximately 11% by 2024, the ESS industry's demand for lithium batteries to grow at an average annual compound growth rate of 27%, and the consumer electronics sector's demand for lithium batteries to grow at an average annual compound growth rate of around 10%. By 2030, global lithium battery demand is expected to reach approximately 2,800 GWh.
Regarding the global penetration rate of all-solid-state batteries, SMM predicts that the penetration rate will be around 0.1% in 2025, approximately 4% in 2030, and is expected to reach about 9% by 2035.
Comparing the future growth rates of solid-state batteries in the three major fields of NEVs, ESS, and consumer electronics (3C digital, eVTOL), SMM forecasts that the penetration rate in the consumer electronics sector is expected to reach about 12% by 2030, becoming the first to surpass 10%. SMM attributes this to the higher energy density requirements due to size constraints in 3C digital consumer batteries, combined with factors such as user experience upgrades, making it a testing ground for the commercialization of solid-state batteries, with penetration first exceeding 10%. In the new energy battery sector, the penetration rate of solid-state batteries is expected to reach about 5% by 2030. High-end EVs, with their demand for high safety and long driving range, make solid-state batteries a key choice. However, further long-term penetration growth depends on scalability and cost reduction.》Click to view details
